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This Business has been Sold!
Closing Date: 04/20/2020
Business for Sale Summary

Medical Billing Management in Queens County, NY - 33094

Business Type: absentee business,home-based business,other business services,professional services,healthcare related services
Sold
Medical Billing Management in Queens County, NY
On April 20th 2020, The Undersigned
Acted as the Advisor to the Deal
Vested Corporate
Vested Corporate Senior Broker
Servicing: This Broker is Servicing All of States
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $180,000 Down Payment $130,000
Gross Revenues $160,000 Lease Remaining Register Free to View
Owner’s Cash Flow $110,000 Number of FT Employees Register Free to View

Financing

$130,000 Down and $50,000 at 7% for 24 months

Business Description

Medical Billing Management Services Company for sale! For the past 4 years, this company has had consistent revenues. Gross sales have been around $150,000 to $160,000, with very LOW expenses. Net profit is $110,000. There is currently only one employee working alongside the owner to service the clients. Another employee could be hired for around $30,000 and you would have yourself an ABSENTEE business. The owner is selling because he has a background in IT, but came across this business opportunity and ran it successfully for almost 5 years. Now he is looking to exit this business and go back to work in something related to IT which is his passion. The seller is willing to provide a buyer a 30 to 60 day transition period to make sure they're trained and know the ins and outs of the business. Many clients have been clients for multiple years. Servicing clients nationwide, there is an office in NY and Texas, but you can run this business from home and lower your expenses even more! This company does claims processing, standard reporting. insurance follow-up, appeals, and credentialing. If you're computer savvy and want to buy a 6 figure income, or if you work in the business and want to grow through acquisition, kindly upgrade you Vestedbb.com membership to premium to release the address and contact the broker at (877)-735-5224.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.